Stock Market News
UK probes fashion groups ASOS, Boohoo, Asda over ‘green’ claims
2022.07.29 09:50
A keyboard and a shopping cart are seen in front of a displayed ASOS logo in this illustration picture taken October 13, 2020. REUTERS/Dado Ruvic/Illustration
(Reuters) – Britain’s competition watchdog said on Friday it was investigating fashion brands ASOS (LON:ASOS), Boohoo Group and George at Asda over eco-friendly and sustainability claims by the companies.
“Should we find these companies are using misleading eco claims, we won’t hesitate to take enforcement action – through the courts, if necessary,” the UK’s Competition and Markets Authority said.
